International law firm Hill Dickinson has advised Celnor Group, a platform for testing, inspection, certification, and compliance (TICC) businesses, on a substantial majority investment by private equity firm, Inflexion.
Celnor was launched with the aim of consolidating a highly fragmented TICC market across two specific areas: Life Sciences and Environmental and Industrial Services.
Following the investment, Celnor Group has already completed the acquisitions of Ground Investigation & Piling Limited, Vintec Laboratories Limited, and Riverside Environmental Services Limited and it has a strong pipeline of further opportunities that it expects to complete before the year end.
The group’s Life Sciences arm will provide testing and scientific services to customers active in the biochemical, industrial, and pharmaceutical industries, while its Environmental and Industrial Services arm will focus on testing, inspection and certification of assets, people, and processes, including workplace safety.
Simon Parrington, chief executive officer of Celnor Group said: “We are delighted to be partnering with Inflexion, whose unrivalled expertise in our sector as well as proven buy-and-build experience make them the right investor as we create a business where entrepreneurial, founder-led companies can thrive. Their proactive yet thoughtful approach suits Celnor and allows us to move quickly when the right opportunity arises.”
David Mkhitarian and Graeme Anderson of Hill Dickinson’s Private Equity team, led on the provision of advice to Celnor with assistance from Charlotte Killeen.
David Mkhitarian said: “The team at Celnor have built a very successful business model that addresses a real need in two specific sections of the market. We’re delighted to have helped broker the investment by Inflexion, which gives Celnor the ability to further invest and grow.”
Graeme Anderson added: “Investors see the scope for fast growth in businesses like Celnor that are both innovative and agile. The ability to unlock investment from Inflexion demonstrates confidence in Celnor’s strategy for this next stage in its growth. We wish both parties every success.”
